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Hardship & Residential Tenants

Hardship & Residential Tenants. Presentation to Community & Financial Hardship Conference. characteristics of private tenants.  1 in 5 households (350,000+)  70,000 households in social housing high level of single and single parent households high level of low income households

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Hardship & Residential Tenants

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  1. Hardship & Residential Tenants Presentation to Community & Financial Hardship Conference by Mark O'Brien, CEO

  2. characteristics of private tenants •  1 in 5 households (350,000+) •  70,000 households in social housing • high level of single and single parent households • high level of low income households • 85,000+ private renter households earn less than $500 per week • significant NESB component • 60,000+ private renter households with LOTE speaker • new arrivals • less transition • 40%+ renting for more than 10 years

  3. unaffordable • high rents relative to low incomes • < 1:5 affordable for low income • increasing rents • 12% for 12 months (< March 2008) • limited effect of rent assistance • 35% of CRA recipients still in housing stress (>100K households) • low wage singles excluded

  4. figure 1: estimated composition of housing stress* private rent public rent outright owner purchaser 230,000 (26%) 590,000 (67%) 38,000(4.4%) 23,000(2.6%) * Source: NATSEM, 2004

  5. inappropriate • poor standard • more repairs required and more structural defects (1:5 require repair) • less energy efficient (1:10 no heating) • poorly located • affordable housing v job opportunities, social services etc. • overcrowding • 16.5 % of households (v 2.7% owned) • poor security of occupancy • no reason eviction

  6. inaccessible • discrimination • real estate agents and landlords • tenancy databases ( 1.3m listed) • shortage of low cost rental housing • general vacancy rate 1.4% • est. 14,000 units in Victoria • negligible alternative supply • public housing targeting • community housing sector <1% of all existing housing tenures

  7. private market failure is not new • Henderson Inquiry 1975 • “Our research…showed that after meeting housing costs, renters of privately owned accommodation are substantially poorer than the rest of the population.” • >30 years of policy development and implementation • implementation of CRA (1982) • negative gearing (1985/1987) • public housing targeting (1990’s) • homeless services growth

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